Thank you for your honest and straight forward reply. That is what I am looking for.
I love the idea of FLD, it seems great in theory. I am just not sure what is gonna force the MMs to cover. I have seen no legislation that says MMs have to cover once they are short the float plus 65%. Where is that written somewhere? Also where is it written about the MMs having to pay a fine of 1 mil. if they short to a certain threshold and then have to cover in 30 days. And then 5 mil. fine if they reach another threshold and have to cover in a certain time frame. And then once the highest threshold is reached they are forced to cover immediately with a higher fine. Where are these rules/laws written because I have never seen them or heard of them?
Again like I said I love the idea and hope it works, I am betting on it. But I was hoping to get some numbers and facts on things more than just "we own a bunch" or the MMs are covering "soon". All just my opinion. Would love to be taught a lesson :)
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